US Bank Corp Publishes Same Mortgage Rates on November 27, 2013

US Bank Corp Publishes Same Mortgage Rates on November 27 2013For the borrowers looking for ideal new home purchase and refinancing deals in the US lending market, US Bank Corp (NYSE: USB) might present a ray of hope. In the market, where other lenders are taking higher grounds, US Bank Corp managed to publish same 30 year fixed mortgage interest rates on November 27, 2013.

Today, the benchmark, 30 year fixed rate mortgage loans stand listed at an interest rate of 4.500% and are still backed by an annual return of 4.673%. However, the comparatively shorter, 15 year fixed rate home loan deals can be availed at an interest rate of 3.500% and carry an APR yield of 3.811%. The 10 year deals can be availed at an interest rate of 3.375% and an annual percentage rate of 3.823%.

For the mortgagors troubled by their poor credit rating in the past or who aren’t able to deal with heavy down payment requirements, the bank provides FHA insured 30 year fixed rate mortgage loans at an interest cost of 4.375% and a little higher APR yield of 4.879% in comparison to the normal home financing options. The shorter, 15 year FHA backed FRM deals can be procured at a rate of 4.000%, which yield an APR of 4.565%.

The jumbo financing category includes 30 year FRM deals, which are still listed against an interest charge of 4.625% and are accompanied by an APR yield of 4.777%. For those who are looking for shorter deals, the 15 year deals stand listed at a rate of 3.750% and an APR yield of 4.008%.

For the interest borrowers, US Bank Corp also provides VA versions of the 30 year FRM loans at a rate of 4.500% and an APR yield of 4.846%. On the other hand, the 15 year Jumbo fixed rate home loan deals can be procured at a rate of 4.000% and come along with an APR yield of 4.721%.

In the adjustable rate mortgage division, the 3 year ARM loans are quoted at a rate of 2.250% today and carry an APR yield of 3.261%. The 5 year ARM deals can be procured at a rate of 2.625% and yield an APR of 3.250% during the initial years of the loan.

US Bank Corp recently pledged an amount worth $100000 to the Confluence Project Tuesday during the pro-confluence pep rally that was organized at The State Theatre situated in the downtown Eau Claire.

Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.

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About the author

Rob is a analyst and reporter covering stocks and business news.